The Crypto Daily – Movers and Shakers – July 10th, 2021

A mixed start to the day saw Bitcoin slide to an early morning intraday low $32,237.0 before making a move.

Steering clear of the first major support level at $31,967, Bitcoin rallied to a late intraday high $34,059.0.

Bitcoin broke through the first major resistance level at $33,843 before easing back to sub-$33,800 levels.

The near-term bullish trend remained intact, in spite of the latest return to $32,000 levels. For the bears, Bitcoin would need a sustained fall through the 62% FIB of $27,237 to form a near-term bearish trend.

The Rest of the Pack

Across the rest of the majors, it was a mixed day on Friday.

Bitcoin Cash SV slid by 3.50%, with Polkadot declining by 0.42% to buck the trend on the day.

It was a bullish day for the rest of the majors, however. Coin rallied by 6.68% to lead the way, with Binance Coin (+2.23%) and Ripple’s XRP (+2.72%) finding strong support.

Chainlink (+1.52%), Cardano’s ADA (+1.70%), Ethereum (+1.47%), and Litecoin (+1.88%) trailed the front runners, however.

In the week, the crypto total market rose to a Wednesday high $1,476bn before falling to a Friday low $1,313bn. At the time of writing, the total market cap stood at $1,395bn.

Bitcoin’s dominance fell to a Thursday low 44.48% before rising to a Friday high 46.09%. At the time of writing, Bitcoin’s dominance stood at 45.77%.